NAXS Year-end Report 2019

January-December 2019

  • Net profit/loss for the period amounted to MSEK 37.1 (18.5).
  • Earnings per share amounted to SEK 3.24 (1.45).
  • Net asset value amounted to MSEK 710 (SEK 63.63 per share) at December 31, 2019,
    compared to MSEK 736 (SEK 61.81 per share) at year-end 2018.
  • Net cash amounted to MSEK 230 (SEK 20.60 per share) at December 31, 2019,
    compared to MSEK 261 (SEK 21.94 per share) at year-end 2018.
  • The 2019 Annual General Meeting resolved to pay a dividend of 2.78 SEK per share for
    FY 2018.

Fourth quarter 2019

  • Net profit/loss for the quarter amounted to MSEK 10.8 (-3.7).
  • Earnings per share amounted to SEK 0.96 (-0.31).

Distribution of profits

The Board of Directors proposes a dividend of SEK 3.00/share for the fiscal year 2019.

In addition, the Board of Directors proposes to the Annual General Meeting to vote on a
continued share repurchase mandate.

Comments by the CEO

NAXS continued on its positive trajectory during 2019, seeing its net asset value per share
increase by 7.5% during the year.
On the investment side, NAXS made in the fourth quarter a new commitment to the JAB
Consumer Fund – Global Consumer Brands III. NAXS was already an investor in JAB’s
predecessor fund. The Global Consumer Brands III provides an exposure to recent
transactions by JAB Holding, notably those in the pet care industry, where JAB is now the
second largest player globally.

As to the underlying funds, they acquired 5 new portfolio companies and signed or closed
14 exits during 2019.
In June, NAXS paid a dividend of SEK 2.78/share and actively repurchased its own shares
throughout 2019, acquiring in excess of 6% of the total number of shares.

The Company has now distributed a cumulative SEK 24.81 per share over the last 5 years
to its shareholders through dividends and share repurchases.
At the end of 2019, NAXS had in excess of 32% of cash on its balance sheet, which leaves
the Company well-positioned to take advantage of potential investment opportunities.

Lennart Svantesson

Contact information 

Lennart Svantesson, CEO
Telephone: +46 73 311 00 11 

Gösta Lundgren, CFO
Telephone: +46 70 710 47 88

This information is information that NAXS AB (publ) is obliged to make public pursuant to the
EU Market Abuse Regulation and the Securities Markets Act. The information was submitted
for publication, through the agency of the contact persons set out above, at 17.45 CET on
January 29, 2020.